For Certain Public Projects Such as Building a Dam on a River

question 86

Multiple Choice

For certain public projects such as building a dam on a river or a bridge to an island, what procedure is a government likely to use to determine what quantity of a public good should be supplied?

• A)It conducts public surveys to determine if consumers want the product.
• B)It hires economists to estimate the market demand for the product.
• C)It takes a vote in Congress.
• D)It evaluates the costs and benefits of producing the good.

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Definitions:

High-potential Ventures

Enterprises with a strong capacity for growth and the ability to generate significant returns.

Founders

Individuals who establish and begin businesses, organizations, or startups, taking on the risks and responsibilities of creating something new.

Inventory Sale

A transaction involving the sale of products that a company has in stock, typically aimed at reducing excess inventory.

Raw Materials

Basic materials or substances used in the primary production or manufacturing of goods.